[TacticalCoder]

> And for what?

The definition of a "systemic" bank is one that, should it fall, could take the world's entire financial system down with it.

So the "for what" would be: to prevent the world's entire financial system from crumbling.

Should one systemic bank fall and make all the other systemic ones fall like dominoes then it's definitely not unthinkable that there'd be logistics issues and very likely famine in some places and probably civil war in several countries. Politicians may not care much: but they care about getting re-elected. And the whole system crumbling and famine and civil war means politicians not getting re-elected.

I mean... Take a small player like SVB: it's not even on the list of systemic banks. A measly $177 bn AuM: that's literally one order of magnitude smaller than Crédit Suisse.

And yet everybody was whining and crying for SVB deposits to be saved and the goverment came to the rescue.